The announcement of the budget by Nirmala Sitharaman on 1st Feb,2025 is much awaited by the people. We can expect some reduction in income tax prioritizing middle-class taxpayers. The suggestions proposed in pre-budget consultation may encourage some positive tax policies for investors in short and long-term capital gains investment. The revision of Tax provisions on TDS is expected to relief a few category income groups. The proposed regulations also anticipate a focus on small industries like MSMEs and SMEs regarding reduction in compliances in businesses to stimulate more investment and innovation.
